Getting Bank to Try Different Kind of Financing, is Exactly What These Two Did
Colleen Grady and Pedro “Tony” Alvarez represented Bayport Colombia in securing a $50 million loan from the Inter-American Development Bank to finance micro-loans for Colombian government workers.
July 21, 2015 at 07:00 AM
4 minute read
The Dealmakers: Pedro “Tony” Alvarez and Colleen Grady
The Deal: The Alvarez Arrieta & Diaz-Silveira attorneys represented Bayport Colombia in securing a $50 million loan from the Inter-American Development Bank (IDB) to finance micro-loans that will be made to lower income government workers and pensioners in Colombia. The loan was funded on June 17.
Details: The deal marks the first time the IDB, which provides financing for development in Latin America and the Caribbean, has given a financing package to a micro-lender.
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